I believe this question is referring to purchasing a discount on a loan's interest rate by putting more towards closing costs. For mortgages, sometimes they will allow you to "buy" a smaller interest rate. For example:
<span>Loan A has an interest rate of 4.5% and no closing costs. </span>
<span>Loan B has an interest rate of 4.375%, but has $1000 in closing costs. </span>
<span>Normally, Loan A would be the better choice if you plan on keeping the home short term, but Loan B would be more beneficial for keeping the loan long-term. I don't really care to spend the time that is necessary to come up with an actual scenario, but I hope that helps enough for you to understand the question.</span>
Answer:
<em>#6: -1/5 #7: 2/3</em>
Step-by-step explanation:
#6:
(5,7) and (25,3)
3-7/ 25-5 = -1/5
#7:
( 6,4) and (12,8)
8-4/ 12-6 = 2/3
i hope this helped! :D
Answer:
She has walked <u>7233.6 ft</u>
Step-by-step explanation:
13.7 miles ÷ 10 = 1.37 miles
1 mile = 5280 ft
5280 x 1.37 = 7233.6 ft (or 7234 if rounded to the nearest ft)
Area of road =70*50=3500
3500*2=7000 because it has cross road
6*6=36
7000-36=6964
6964*5.50=38302
